First Bank Flags off 40-storey Head Office

FirstBank has held a groundbreaking ceremony for its new green-certified Iconic Head Office Building in Eko Atlantic City, Lagos.

The bank which has pride itself as premier in West Africa and a leading financial inclusion service provider.

The flag off of the ambitious 40-storey building project, set to be the tallest building in Nigeria, was held on Wednesday, March 5, 2025.

The event had in attendance many dignitaries like President Bola Ahmed Tinubu, represented by his Vice, Kashim Shettima;

Lagos Governor, Babajide Sanwo-Olu; Ogun Governor, Dapo Abiodun; Ondo Governor, Lucky Aiyedatiwa;

Africa’s richest man, Aliko Dangote; Former Senate President, Bukola Saraki; Olufemi Otedola, Chairman – FirstHoldCo (host), among others.

During the ceremony, the Governor of Lagos State, Babajide Sanwo-Olu, presented a certificate of approval to FirstBank Group to commence construction of its eco-friendly headquarters in Eko Atlantic City.

He said, “FirstBank, as always, has taken the lead. I want to thank the visionaries who have created a new city that will serve as Africa’s model city — one we will all be proud of. Mr Femi Otedola, well done.

“Well done to your board and well done to your management. CBN Governor, thank you for the approval.

“We hope you extend similar approvals to other financial institutions, as there is space for them too.

“I am now handing over a certificate of approval for them to commence work immediately.”

Speaking earlier on the project, Olusegun Alebiosu, CEO, FirstBank Group, “We are proud to mark this significant milestone in our journey towards excellence.

“Our new Head Office is envisioned as a world-class structure that represents our dedication to innovation, customer satisfaction, and sustainability.

“We believe that this development will play a crucial role in fostering economic growth and development across Africa, creating long-term value for all our stakeholders.”

With a legacy spanning over 130 years, FirstBank has consistently demonstrated its commitment to innovation, customer-centricity, and sustainable business practices.

The Bank has a robust international presence, operating subsidiaries in nine countries across three continents.

Femi Otedola, Chairman, FirstHoldCo, added, “Today’s gathering highlights the importance of collaboration and support from various sectors in bringing our ambitious plans for the new headquarters to life.

“We appreciate the unrelenting support from our customers and stakeholders as we work together to turn this vision into reality.”